Jeffrey R. Stephens - 02 Dec 2022 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Gen. Counsel & Corp. Sec
Signature: /s/ Jeffrey R. Stephens
Issuer symbol: SNFCA
Transactions as of: 02 Dec 2022
Net transactions value: +$343,595
Form type: 4
Filing time: 30 Jan 2023, 13:26:03 UTC
Previous filing: 22 Jun 2022
Next filing: 20 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$74,040	+10,019	+54%	$7.39	28,602	19 Jan 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$33,031	+7,212		$4.58^*	7,212	04 Dec 2015	Class A Common Stock	7,212	$4.58	Direct	F1
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$34,620	+6,869	+95%	$5.04^*	14,081	02 Dec 2016	Class A Common Stock	6,869	$5.04	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$24,929	+6,543	+46%	$3.81^*	20,624	01 Dec 2017	Class A Common Stock	6,543	$3.81	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$41,025	+9,345	+49%	$4.39^*	28,426	30 Nov 2018	Class A Common Stock	9,345	$4.39	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$40,673	+8,900	+31%	$4.57	37,326	06 Dec 2019	Class A Common Stock	8,900	$4.57	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Disposed to Issuer	$28,140	-8,476	-19%	$3.32	37,326	27 Mar 2020	Class A Common Stock	8,476	$3.32	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$64,496	+7,875	+21%	$8.19	45,201	03 Dec 2021	Class A Common Stock	7,875	$8.19	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$64,800	+10,000	+22%	$6.48	55,201	02 Dec 2022	Class A Common Stock	10,000	$6.48	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Disposed to Issuer	$5,879	-1,543	-7.5%	$3.81^*	19,081	01 Dec 2017	Class A Common Stock	1,543	$3.81	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This option was granted on December 4, 2015 as an option for 5,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F2	This option was granted on December 2, 2016 as an option for 5,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F3	This option was granted on December 1, 2017 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividends paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F4	This option was granted on November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2019 and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F5	This option was granted on December 6, 2019 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F6	This option was granted on March 27, 2020 as an option for 7,500 shares of Class A Common Stock at an exercise price of $3.76 per share; but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on July 17, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F7	This option was granted on December 3, 2021 as an option for 7,500 shares of Class A Common Stock at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022.
F8	This option was granted on December 02, 2022 as an option for 10,000 shares of Class A Common Stock at an exercise price of $6.48 per share. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 3, 2023, until such shares are fully vested.